Lance,a volunteer baseball coach,was hit by a hard line drive.As a result of the injury,Lance was taken to the emergency room for treatment and admitted to the hospital.Lance's covered expenses totaled $4,000.How much of the $4,000 will Lance have to pay if these are his first medical expenses of the year and he has the following health insurance coverage?
$500 deductible per year
80/20 coinsurance
$1,000 per year out-of-pocket coinsurance cap

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The Answer of Lance,a volunteer baseball coach,was hit by a hard line drive.As a result of the injury,Lance was taken to the emergency room for treatment and admitted to the hospital.Lance's covered expenses totaled $4,000.How much of the $4,000 will Lance have to pay if these are his first medical expenses of the year and he has the following health insurance coverage?
$500 deductible per year
80/20 coinsurance
$1,000 per year out-of-pocket coinsurance cap

Lance,a Volunteer Baseball Coach,was Hit by a Hard Line Drive